TransColorado Gas Transmission Company
Original Volume No. 1
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Effective Date: 05/15/2000, Docket: GT00- 25-000, Status: Effective
Third Revised Sheet No. 225 Third Revised Sheet No. 225 : Superseded
Superseding: Second Revised Sheet No. 225
GENERAL TERMS AND CONDITIONS
6. CAPACITY RELEASE BY FIRM SHIPPERS (Continued)
6.10 Bid Evaluation Procedure.
(a) Unless specifically requested otherwise by a Releasing
Shipper in its Capacity Release Request, Qualified Bids for released
capacity shall be evaluated pursuant to Sections 6.10(b) through 6.10(g)
below. Any Qualified Bid which does not meet a minimum price condition
stated in the Capacity Release Request shall be rejected outright. Any
Qualified Bid with a contingency must have such contingency eliminated
before 3:00 p.m. CCT following the close of the open season, unless the
Releasing Shipper's offer has specified a later time; otherwise, such
Qualified Bid will be rejected.
(b) TransColorado shall calculate a Bid Value and Unit Bid
Value for each Qualified Bid and Prearranged Release (if any), and shall
calculate the Winning Bid Value, as follows:
(i) For each month, the volume and reservation charge
per Dth stated in the Qualified Bid shall be multiplied together to derive
a gross monthly revenue figure. If the Qualified Bids contain volumetric-
based charges permitted by the Capacity Release Request, then the gross
monthly revenue figure shall be equal to any minimum amount designated by
the bidder to be billed as a reservation charge even if there is no (or
(ii) Each gross monthly revenue figure shall be
discounted to a net present value figure as of the first day of the
capacity release as sought in the Capacity Release Request, using the
current Federal Energy Regulatory Commission interest rate as defined in
18 C.F.R. Section 154.501(d).
(iii) The net present value figures for the proposed
release shall be summed, and such sum shall be the Bid Value.
(iv) The Unit Bid Value is defined to equal the Bid
Value divided by the product of: (1) the highest volume of capacity (in
Dth) sought in the Qualified Bid for any day; multiplied by (2) the
release term (in months) in the Capacity Release Request; and multiplied
further by (3) thirty and four-tenths (30.4).